AAA :  WV Gasoline Prices Increase 1.4 Cents

WV motorists will pay 1.4 cents a gallon more for their gasoline this week.

The current average price at the pump for self-serve regular fuel is $2.891.

The national average retail price is $2.858 or 2.8 cents higher than one week ago Tuesday, April 13, 2010.

According to AAA’s Fuel Gauge, oil prices fell 55 cents Monday to close at $84.37 per barrel on the New York Mercantile Exchange.

Last week, oil prices surged to 18-month highs above $87 per barrel.

This week, investors will evaluate several key economic reports that will provide the markets with an important check-in the pace and strength of the economic recovery.

The national consumer price index, new jobless claims data and information about retail sales in the US will all be released over the course of the week.

Oil prices will likely respond accordingly if the data shows a clear direction for the US economy.

This week’s average prices: West Virginia Average =  $2.891
Average price during the week of April 6, 2010 =  $2.877
Average price during the week of April 14, 2009 =  $2.064